BSE Sensex fall on profit-booking; IT hit

The BSE Sensex falls 0.26 percent to 19,340 and the NSE index is down 0.3 percent to 5,882.75, on profit-booking.

India's 50-share index has been trading in the "overbought" territory, with its 14-day relative strength index around 70.

Asian shares were steady near 16-month highs on Thursday, supported by hopes that U.S. lawmakers will reach a compromise to avoid the so-called fiscal cliff of year-end tax hikes and spending cuts which threaten to push the U.S. economy back into recession.